Cryptocurrency ATM in the world: Which country has the first and highest number of cryptocurrency ATM ?
Quick grab: the first bitcoin(cryptocurrency) ATM was intalled in in Vancouver, Canada while US has the highest number of ATM locations with approximately half of the number of the world’s Bitcoin ATM.
With the growing interest and acceptability of bitcoin as a currency, bitcoin ATM has continued to be installed to ease cryptocurrency transactions.
It is expected that in few years to come, bitcoin ATM will be as rampant as traditional ATM. Bitcoin ATM is similar to the traditional bank ATM. However, the only difference is that withdrawal is not possible.
With cryptocurrency (Bicoin ATM), the use can only buy or send Bitcoin and also check his balance. Withdrawal is not possible because cryptocurrency(bitcoin) is a digital currency. That means it is not a concrete currency like the ordinary traditional currencies.
Just like the development of Bitcoin and other cryptocurrencies started in the Western part of the world and gradually extended to the other parts of the world, presence of Bitcoin ATM was also first seen in the western world and then gradually it began to spread across the world.
It is predicted that in less than 5 years to come, Bitcoin ATM would have become available in the whole countries of the world , even the remotest of the countries.
Another good thing about bitcoin ATM is that it can hardly be robbed by robbers because of absence of physical cash in the machine. Inasmuch as there has been cases of robbery in the Bitcoin ATM , the latest of which took place in one Bitcoin ATM in Canada, it is still less likely to be attacked successfully compared to the ordinary traditional bank ATM where physical cash are available.
Africa is seen as the continent with the lowest number of Bitcoin ATM, however, it is predicted that in few years time, Africa will be taking the lead in cryptocurrency world, including in the availability of Bitcoin ATM.
All over the world, there is approximately 5000 bitcoin ATMs, with the US having approximately 3,229 BTM (Bitcoin ATM).
In Canada, we have Bitcoin Atm located in about 736 locations, followed by United Kingdom where we have Bitcoin Atm in about 294 locations. In Austria we have 192 , followed by Spain where we have it in 85 locations. In Australia and Netherland, we have Bitcoin ATM in 27 locations each.
In Switzerland, Czech and Greece, we have bitcoin ATM in 80, 70 and 66 locations respectively.
In Finland and Ireland, we have bitcoin ATM in 12 locations each, while in Mexico and Argentina, we have 11 each.
South Africa has the highest and total number of 6 Bitcoin ATM in Africa spread across four cities of Cape Town, Pretorial, Johannessburg and Nelspruit.
Costa Rica, Philippines, Guam, Japan , Aruba, Lieutenstein, Denmark and Saudi Arabia, we have Bitcoin ATM in 2 locations in each of the countries.
The above is only but a few list of the countries in the world with Bitcoin ATM. It is expected that by 2020, the number of Bitcoin ATM would have multiplied.
Also note that Bitcoin ATM Provider are third-party ATM providers that sell ATM machines to Business organisations that want to intal Bitcoin ATM in their business location. Installation of Bitcoin ATM in your business location is the best way to improve your business and increase your revenue.